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Director. IMDbPro Starmeter See rank. As co-founder and partner in Breakthrough Entertainment, an internationally recognized and award winning studio, Ira Levy has established himself as one of the most prolific Executive Producers in the entertainment industry.
- Producer, Writer, Director
- Ira Levy
Website. http://www.breakthroughentertainment.com/. Breakthrough Entertainment (formerly Breakthrough Films & Television) is a Canadian production company founded in 1986 by Peter Williamson and Ira Levy. It produces famous Canadian TV shows such as Jimmy Two-Shoes and Atomic Betty .
- Acquired by Shadow Pines Studios
- 1986; 37 years ago in Canada
- Animation
- Federal Exemption
- Bankruptcy Exemption
- State Exemptions
- Domestic Relations Debts
- Early Withdrawal Penalty Exemption
Other than a partial exemption for bankruptcy, there are no federally mandated exemptions from IRA garnishment. Therefore, your retirement savings can be garnished to satisfy any federal debts. The most common federal debt satisfied by the seizure of IRA funds is back taxes owed to the Internal Revenue Service (IRS).
There is some federal protection for your IRA if you declare bankruptcy. However, unlimited protection encourages those in danger of bankruptcy to put all their money into an IRA to avoid paying creditors. To prevent this abuse, the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 limited the IRA exemption to $1 million, adjusted eve...
States can choose to adhere to the federal exemption system or create their own, so specific exemptions for IRA garnishment can vary widely by state. Aside from the IRS or other federal creditors, states can restrict any and all creditor access to IRA funds. In some states, such as New York, IRAs are fully exempt from any nonfederal garnishment. In...
There are a number of domestic relations debts that may result in IRA garnishment, depending on your state. Child support is one of the most common causes of permissible IRA seizure. In many states—including Kentucky, Colorado,and Louisiana—IRA funds are provided no protection from court judgments in relation to overdue child support or maintenance...
Any distributions taken from your IRA before you reach age 59½ are usually subject to a 10% tax penalty. Unfortunately, this also applies to any amount withdrawn to satisfy creditors before you reach retirement age. However, if your IRA is garnished to satisfy a debt to the IRS, the penalty is waived.
- Claire Boyte-White
Mini Bio (1) As co-founder and partner in Breakthrough Entertainment, an internationally recognized and award winning studio, Ira Levy has established himself as one of the most prolific Executive Producers in the entertainment industry. Ira has forged fruitful production relationships with National and International Networks and co-production ...
Ira Levy - Lead Director, Board of Directors - STOMP Out Bullying™ | LinkedIn. Board Chair at Stomp Out Bullying (Emeritus); Disability Advocate; Retired First Chair Litigation Partner at...
- STOMP Out Bullying™
Jan 11, 2022 · Veteran producer Ira Levy has launched a boutique film and television production company, Spike & Sadie Media, in Toronto. The company will develop and produce scripted and unscripted titles with Canadian and international creatives, including his former Breakthrough Entertainment co-workers.
